Cerberus Said to Consider Entering U.K. Market for New Mortgages

  • U.S. firm has acquired $17.4 billion of U.K. home loans
  • Mortgage company could seek new customers, people familiar say

Cerberus Capital Management LP is considering whether to start a business offering new U.K. residential mortgages from the remnants of Northern Rock Plc and Permanent TSB Group Holdings Plc, according to three people with knowledge of the matter.

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